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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: mooter775 who wrote (1564)	12/6/1997 2:56:00 PM
From: Paul Dubsky	Read Replies (1) \| Respond to of 27311

The 2 year chart looks awesome, except for the last 10 days. Steady move up from $3 to $9 level, on good, solid volume. The last 10 days just doesn't make sense. If everyone is stocking up in VLNC over 2 years, then why all of the sudden a quick dip? It's toubling. Fall below the 200 day moving average, which is around $7, is not good technically. But, it only takes $1.50 surge, and we're back above it. So, I don't see the 200 day average thing as being that worrisome. Still, no news, and the MM will spook everyone they can. Definitely the last 2 Decembers we've seen a dip, then rise right before the end of the year and right after by as much as 50% ($4 to $6), within a month. So, unless there's really bad news out there (I'm not hearing any, but didn't hear Cal's resignation either), we should have a good second half of December and first part of Jan. That reminds me. Why, again, I ask, did not anyone know about Cal's resignation before it happened, if everyone seems to know the scoop on the company on this thread? Certainly tells me that some people don't know as much as they assert. I hope everyone on this thread is up and up. It's one of the most sensible and logical of all the thread on SI.